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First Home Loan Eligibility Calculator & 2026 Buying Guide

Golden key on a house blueprint — borrowing power guide

Saving a deposit is only half the first-home battle — the other half is knowing what a lender will actually approve before you fall in love with a house. This calculator runs your income, deposit and target price through the same serviceability logic banks use: loan-to-value ratio, repayment load and the stressed rate you will be assessed on. Use it before you book viewings, so every open home you walk into is one you can genuinely afford.

⚡ Free instant check

eligibility + deposit gap report

❓ First home loan eligibility — FAQ

How much deposit do I need for a first home?

Most lenders want at least 20% to avoid lender's mortgage insurance, but many first-home schemes accept 5-10% with a government guarantee — check what applies in your state or country.

What does LVR mean for a first home buyer?

LVR is your loan divided by the property value. Under 80% you usually skip mortgage insurance and unlock better rates; above 80% expect either insurance or a higher rate.

Can I use the calculator for a pre-approval?

No — it is an education tool, not a lender. But it gives you the numbers to take to a broker so you are never asking a vague question.

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